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(Loans) Subject: FY 2009 Draft Cohort Default Rates Release Scheduled for February 14, 2011

Posted Date:February 9, 2011

Author: Katrina Turner, Director, Operations Performance Division, Federal Student Aid

Subject: FY 2009 Draft Cohort Default Rates Release Scheduled for February 14, 2011

On February 14, 2011, we plan to release the FY 2009 Draft Cohort Default Rates to all eligible schools. After we release the draft rates, we will post an Electronic Announcement on the Information for Financial Aid Professionals (IFAP) Web site.

All schools, both domestic and foreign, enrolled in the Electronic Cohort Default Rate (eCDR) process will receive their FY 2009 Draft Cohort Default Rate and accompanying documentation via their Student Aid Internet Gateway (SAIG) mailbox. Any school not enrolled in the eCDR process may download their cohort default rate and accompanying documentation from the National Student Loan Data System (NSLDS) via the NSLDS Professional Access Web site. Your draft cohort default rate is found on the last page of the Loan Record Detail Report (LRDR).

Note: We encourage any school not already signed up for the eCDR process to do so by completing the enrollment form on the SAIG Enrollment Web site.

eCDR Appeals

Beginning with the FY 2009 Draft period, all Incorrect Data Challenges (IDC) must be made through the eCDR Appeals application. Participation Rate Index Challenges (PRI) will continue to be submitted via hard copy. As a reminder, eCDR Appeals is a web-based application that allows schools to electronically submit certain challenge and adjustment requests during the specified timeframes. The application also allows data managers (guaranty agency or Federal Loan Servicer) and Federal Student Aid personnel to electronically view and respond to these challenge/adjustment requests. The application tracks the entire life cycle of each request from the time the case is submitted until the time a decision is made and the case is closed.

Complete information, including User Guides and frequently asked questions about the eCDR Appeals application, is available on the eCDR Appeals Web site.

Contact Information

If you have questions about the FY 2009 Draft Cohort Default Rates, contact us by e-mailing fsa.schools.default.management@ed.gov or by calling the Operations Performance Division Hotline at 202/377-4259.

Last Modified: 02/08/2011